Established two unit residential property on the edge of downtown Michigan City conveniently close to restaurants, shopping, beach, and the new double track providing access to downtown Chicago in 45 minutesBoth units are currently occupied on short-term leases that could be extended individually or together, or occupy and collect rent to pay your mortgage.The main-level unit offers a living room, kitchen, two bedrooms and a bathroom, currently renting under market for $800/mo by good tenants who would resign. The upstairs unit is well decorated and currently used as an Air B&B, and the rent roll shows gross rents of nearly $20,000 in 2023. Total income for both units is nearly $30,000.Opportunity to own real estate close to the center of growing Michigan City. Live and rent or use as a place to stay while visiting in the area.
Closed
$135,000
215 W 9th St, Michigan City, IN 46360
3beds
1,572sqft
Duplex
Built in 1860
-- sqft lot
$151,500 Zestimate®
$86/sqft
$1,374 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: March 26, 2024 at 03:45pm
Listed by:
Justin Berggren,
Coldwell Banker Market Connect 219-747-0033,
Kelli Graham,
Coldwell Banker Market Connect
Bought with:
Marissa Stapleton, RB18002146
Coldwell Banker Realty
Source: NIRA,MLS#: 542414

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Features
- Elevator
Interior area
- Total structure area: 1,572
- Total interior livable area: 1,572 sqft
- Finished area above ground: 0
Property
Parking
- Parking features: None
Features
- Frontage length: 27
Lot
- Size: 5,009 sqft
- Dimensions: 27 x 167
Details
- Parcel number: 460129453012000022
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Condition
- New construction: No
- Year built: 1860
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available
Community & neighborhood
Location
- Region: Michigan City
- Subdivision: Elstons 02 South Add
HOA & financial
Other financial information
- Total actual rent: 29000
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,VA Loan